Firing On All Cylinders Within the Cincinnati Industrial Market
Unwavering demand continues to spill into 2022, pushing the market to new heights in spite of increasing supply shortages.
- Vacancy fell to a historical low of 3.3% from 4.5% last quarter.
- Construction activity continued to rise to 10.3 million square feet causing large plots of developable land to become scarce.
- Absorption remained positive with 3.2 million square feet being absorbed within the quarter, surpassing every other quarter besides the previous.
- Rental rates continued to rise due to strong demand and lack of supply.
